科技行业2025政府工作报告解读：聚焦新兴与未来产业，关注“人工智能+”

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The 2025 government work report emphasizes the development of emerging and future industries, particularly focusing on "Artificial Intelligence+" and the support for sectors like smart connected vehicles, AI applications, and commercial aerospace [2][3] - The report highlights significant achievements in the technology sector in 2024, including the production of over 13 million new energy vehicles and an 11.2% increase in technology contract transaction value [2] - The prioritization of emerging and future industries has increased, with new areas such as embodied intelligence and 6G being introduced in the 2025 report [2][3] Summary by Sections Government Work Report Highlights - In 2025, the government aims to cultivate emerging and future industries, including commercial aerospace and low-altitude economy, while also enhancing traditional industries through digital transformation [2][3] - The report outlines a mechanism for investment growth in future industries, focusing on biomanufacturing, quantum technology, and 6G [2][3] - The emphasis on digital economy innovation continues, with a push for the widespread application of large models and the development of new intelligent terminals and manufacturing equipment [2][3] Comparison of Government Work Reports - A comparison of the 2023, 2024, and 2025 government work reports shows a shift in focus, with emerging and future industries gaining priority over traditional sectors [3][4] - The 2025 report introduces new technologies and industries, indicating a more granular policy approach compared to previous years [3][4] - The report reflects a strategic shift towards fostering innovation in sectors like AI, quantum computing, and smart manufacturing [3][4]